Servier backs away from troubled cancer drug Pixuvri
French independent drugmaker Servier has brought a cancer collaboration with US biotech firm CTI BioPharma (Nasdaq: CTIC) to a premature end, a filing to the US Securities and Exchange Commission reveals.
The firms had been working together on the non-Hodgkin's lymphoma treatment Pixuvri (pixantrone). The deal was originally signed in 2014, and was expanded in 2017.
Servier decided to sever links seven months after the therapy flopped in a key Phase III confirmatory trial in the EU. The confirmatory trial had been expected to deliver results by 2015, but did not read out until July 2018.
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